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COMAIIMERCE TNS. CO.


COMMERCE INSURANCE COMPANY
Albany, New York.
Home Offlce 57 STATE STREET
[Incorporated June 1, 1S69; commenced gusiness June 1, 1859; admitted June
1, 1866.]
President, E. DARWIN JENISON.                Secretary, ADDISON J. HINMAN.
Vice Presideint, FRANK VAN BENTIIUYSEN.
CAPITAL STOCIK.
Amount of capital paid up in cash ....................  $200,000 0;0
Amount of ledger assets December 31 of previous year ...........    $717,160
5&
INCOME.
Fire.
Gross premiums . .     ....................................  $358,710 31
Deduct gross amount paid for reinsurance, fire,
.47,813.3; return premiums, fire, $54,560.63.........  102,373 68
Total premiums (other than perpetual) ....................     $256,336 63
Gross iliterest on mortgage loans ...................     $1,733 76
Gross interest on bonds and dividends on stocks, less
$404.16 accrued interest on bonds acquired during
the year .....                                         22, 927 71
Gross interest on deposits i-n trust companies and
banks ............................                        376 70
Gross rents from    company's   property, including
$2.000 for company's occupancy of its own build-
ings .                                                11,774 27
Total gross interest and rents              .        .          36,812 44
From other sources:
Borrowed on demand note (used in paying losses)     .     .10,000 00'
Gross profit on sale or maturity of ledger assets,
viz.: Bonds .........;..                                $59 00
Stocks ...                                              3,800 010
4,390 00
Total income ..........., ..,.,.-.-.,                     . $307,539 07
Total footings ..........  . .,...,.. $1,024,699 63
DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (Includ-
ing $24,339.70 occurring in previous years) ........ $183,292 50
Deduct amount received for salvage, fire, $2,505.68;
reinsurance, lre, $27,*493.74; discount, fire, $240.90..  30,240 32
Net amount paid policyholders for losses ......., ,.,, .... ........ $153,062
18
Expenses of adjustment and settlement of losses 2,792.82
Commissions on brokerage.                                             00,893
69